Question : Refer to the following data table and answer the following question.

Items Raw Yearly Expenses in Rs.lakhs
Materials 11
Labor 7
Rent 5
Interest 3
Taxes 3

Expenditure on raw materials and taxes is what percent of total expenses?

Option 1: 55.53%

Option 2: 41.03%

Option 3: 33.78%

Option 4: 48.28%


Team Careers360 10th Jan, 2024
Answer (1)
Team Careers360 18th Jan, 2024

Correct Answer: 48.28%


Solution : From the given table,
The overall expenditure = Rs. (11 + 7 + 5 + 3 + 3)lakhs = Rs. 29 lakhs
The amount spent on taxes and raw materials = Rs. (11 + 3) lakhs = Rs. 14 lakhs
$\therefore$ The required percentage
$=\frac{\text{The total amount spent on taxes and raw materials}}{\text{Total expenditure}} \times 100=\frac{14}{29}\times 100=48.28\%$
Hence, the correct answer is 48.28%.

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